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AB Emerging Markets Growth Portfolio

Strategy

Seeks long-term growth of capital by:

  • Investing primarily in stocks of emerging markets companies with strong fundamentals that offer compelling growth potential

  • Focusing on businesses with solid, durable growth, strong and sustainable competitive advantages, high returns on invested capital and robust free-cash-flow generation

  • Emphasizing sustainable, long-term growth rather than more volatile, cyclical growth

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

Portfolio Management Team

2 Years at AB
18 Years of Experience



Pricing & Performance

  1. Annualised Performance
  2. Calendar Year Performance
  3. Complete 12 Month Returns
  4. Growth of Investment
  5. Daily Data
Created with Highcharts 8.2.2As of 31/12/2024-10.17%-10.17%7.87%7.87%37.86%37.86%-25.88%-25.88%26.20%26.20%27.77%27.77%-8.05%-8.05%-20.96%-20.96%6.51%6.51%8.01%8.01%-14.92%-14.92%11.19%11.19%37.28%37.28%-14.57%-14.57%18.42%18.42%18.31%18.31%-2.54%-2.54%-20.09%-20.09%9.83%9.83%7.50%7.50%AB Emerging Markets Growth PortfolioMSCI Emerging Markets Index - Unhedged to USD01/01/2015 -31/12/201501/01/2016 -31/12/201601/01/2017 -31/12/201701/01/2018 -31/12/201801/01/2019 -31/12/201901/01/2020 -31/12/202001/01/2021 -31/12/202101/01/2022 -31/12/202201/01/2023 -31/12/202301/01/2024 -31/12/2024-40%-20%0%20%40%60%
Monthly Complete 12 Month Returns Table
01/01/2015 - 31/12/201501/01/2016 - 31/12/201601/01/2017 - 31/12/201701/01/2018 - 31/12/201801/01/2019 - 31/12/201901/01/2020 - 31/12/202001/01/2021 - 31/12/202101/01/2022 - 31/12/202201/01/2023 - 31/12/202301/01/2024 - 31/12/2024
AB Emerging Markets Growth Portfolio-10.17%7.87%37.86%-25.88%26.20%27.77%-8.05%-20.96%6.51%8.01%
MSCI Emerging Markets Index - Unhedged to USD-14.92%11.19%37.28%-14.57%18.42%18.31%-2.54%-20.09%9.83%7.50%

Past performance does not guarantee future results.

The Fund is not managed to target or exceed the performance of any specific benchmark, nor are investment decisions constrained by any benchmark. However, investors can assess the performance of the Fund against index shown.

The display above shows the performance based on total return net of management fees, but does not reflect sales charges or the effect of taxes. The figures therefore do not reflect the actual return to an investor.

Peer Comparison

Morningstar Rating Table
Morningstar Ratings as of 09/01/2025
Category: Global Emerging Markets Equity
Overall3 Year5 Year10 Year
Rating
Investments in Category3032   Funds3032   Funds2475   Funds1351   Funds

Past performance does not guarantee future results.

Overall Morningstar Rating is a copyright of Morningstar, Inc., 2024. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fees & Expenses

Ongoing Sales Charges Table
Management Fee0.90%
Performance Fee--
Ongoing Charge1.20%
Entry ChargeUp to 1.50%
Exit Charge--

The charges paid by the Fund are used to pay the costs for running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return of your investment.  For a complete description and full details of the applicable costs and charges, please refer to the Fund’s Prospectus.

The Management Fee is an annual fee paid to the management company to which the management of the Fund has been delegated. Out of this fee, the management company pays the investment management fee to the Investment Manager but also may pay other service providers.

The Performance Fee (if any) is paid to the Investment Manager under certain specific conditions.

The Ongoing Charges are charges taken from the Fund over a year based on expenses for the year. This figure may vary from year to year. It excludes performance fees (if any), portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund, when buying or selling units in another collective investment undertaking. The Ongoing Charges figure can help you compare the annual operating expenses of different funds.

The Entry and Exit Charges shown are maximum figures and are one-off charges taken before or after you invest in the Fund. 


Portfolio Composition

As of 31 December 2024

Holdings are subject to change without notice.

Portfolio Statistics

Total Number of Holdings60
Active Share69%
Net Assets$513.51 million

Country Allocation

China26.77%
India18.85%
Taiwan16.06%
South Korea8.39%
Brazil5.96%
Saudi Arabia5.52%
United States5.01%
Vietnam2.71%
South Africa1.85%
Other8.88%

Sector Allocation

Information Technology26.55%
Financials20.48%
Consumer Discretionary19.37%
Communication Services8.79%
Industrials7.15%
Consumer Staples3.87%
Health Care3.65%
Utilities3.22%
Real Estate2.42%
Materials0.82%
Other3.68%

Top Ten Holdings

Taiwan Semiconductor Manufacturing9.93%
Tencent Holdings Ltd.6.58%
MediaTek, Inc.3.17%
SK Hynix, Inc.3.05%
Meituan2.98%
FPT Corp.2.67%
Broadcom, Inc.2.57%
HDFC Asset Management2.50%
HDFC Bank Ltd.2.50%
Samsung Electronics2.47%
Total38.42%

Complete Portfolio of Holdings

Holdings are subject to change without notice.



Investment Risks to Consider

These and other risks are described in the Portfolio's prospectus

Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Portfolio include:

  • Derivatives risk: The Portfolio may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.

  • Emerging-markets risk: Where the Portfolio invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Portfolio.

  • Equity securities risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.

  • Fixed-income securities risk: The value of these investments will change in response to fluctuations in interest rates and currency exchange rates, as well as changes in the credit quality of the issuer. Also, medium, lower and unrated securities may be subject to wider fluctuations in yield and market values than higher-rated securities.

  • OTC derivatives counterparty risk: Transactions in over-the-counter (OTC) derivatives markets may have generally less governmental regulation and supervision than transactions entered into on organized exchanges. These will be subject to the risk that its direct counterparty will not perform its obligations and that the Portfolio will sustain losses.

  • Portfolio turnover risk: A portfolio may be actively managed and turnover may, in response to market conditions, exceed 100%. A higher rate of portfolio turnover increases brokerage and other expenses. High portfolio turnover may also result in the realization of substantial net short-term capital gains, which may be taxable when distributed.

  • Smaller capitalization companies risk: Investment in securities of companies with relatively small market capitalizations may be subject to more abrupt or erratic market movements because the securities are typically traded in lower volume and are subject to greater business risk.



Fund Literature

Fund Materials

Fact Sheet (EN)
Monthly Manager Commentary (EN)
Characteristics and Attribution
Historical Pricing
Engagement Report

Regulatory Documents

Full Prospectus (AB FCP I)
Key Information Document (PRIIPs)
Article 8 Equity Sustainability Disclosures
Article 8 Equity Sustainability Disclosures - Summary Translations
Management Regulations – AB FCP I
Annual Shareholder Report (AB FCP I)
AB FCP I - Semi Annual Report
AB FCP I - CoCo Information Notice
Complaint Policy
Key Information Document Library